Global smart agriculture market to reach US$15.3 B by 2025

reogma|Global smart agriculture market to reach US$15.3 B by 2025

As of 2018, the smart agro industry has grown by nearly 6% y-o-y and by the end of 2026, the market is expected to reach above $10 billion mark i.e. 4 times more than that in 2018

  • Definition / Scope
  • Market Overview
  • Top Market Opportunities
  • Market Trends
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

  • The smart agriculture is a concept where several next-generation technologies are utilized in agriculture sector to boost the productivity and to meet the population demand for food. The smart agriculture mostly uses IoT based advance technologies and solutions to maximize yield and minimize wastage through real-time data collection, analysis and deployment of control mechanism. The technologies are either in form of hardware or software applications and are diverse such as variable rate technology, smart irrigation, and smart greenhouse among others and will be responsible in enrichment of agricultural processes. 
  • Some of the major smart agricultural technology applications include:
    • Precision Farming: The approach is where IoT & Communication technologies are utilized for farm management, optimizing returns and conservation of resources. The supplication allows to gain real-time insights on crops, soil and air conditions.
    • Variable Rate Technology (VRT): It denotes a technology that enables producers to vary the rate of crop inputs. The only challenge with the technology is lack of standardization and interoperability.
    • Smart Irrigation: To improve the efficiency in irrigation processes and control the water losses caused in traditional process, the awareness of smart irrigation is on rise. IoT based smart irrigation systems are available in the market that can measure various metrics such as humidity, soil moisture, temperature and light intensity to calculate precise amounts of water.
    • Agriculture Drones: These are also known as, unmanned aerial vehicles (UAVs) and are leveraged across multiple areas including, monitoring crop health, and agriculture photography for site specific development, variable rate applications, and livestock management. These technologies can track vast area at low cost and utilize sensors to gain wide rand of information.
    • Smart Greenhouse: The smart greenhouse lets farmers to foster crops without human intervention. Needful climatic conditions such as temperature, humidity, luminosity, and soil moisture are uninterruptedly supervised inside a greenhouse. After that, variations in conditions will automatically trigger corrective actions to maintain an optimal environment for the plant to thrive.
    • Yield Monitoring: It is the mechanism to monitor various aspects equivalent to agricultural yield such as grain mass flow, moisture content, and total quantity of harvested grain. The technology offers real-time information through data analytics to make supportive decisions.
    • Farm Management Systems (FMSs): FMSs support farmers with information gathering and management with the use of diverse sensors and tracking devices. The information retrieved is then stored and analyzed for conducting intricate tasks. Other advantages of the system are consistent production data management and improvement in risk mitigation capabilities regarding unanticipated weather conditions.
    • Soil Monitoring Systems: The system is entirely dedicated in understanding the present condition of soil and improving its quality to mitigate degradation. A number of factors are determined such as texture, water-holding capacity and the absorption rate. The technology is utilized to prevent the soil from different conditions such as erosion, densification, salinization, and pollution by toxic elements.
    • Precision Livestock Farming: It is as same as precision farming but dedicated exclusively to livestock management. The technology allows monitoring of production, health and welfare of livestock and ensures maximum yield. It also gives insights to improve animal health through effective decision making.

reogma|Global smart agriculture market to reach US$15.3 B by 2025


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As of 2018, the smart agro industry has grown by nearly 6% y-o-y and by the end of 2026, the market is expected to reach above $10 billion mark i.e. 4 times more than that in 2018 Definition / Scope Market Overview Top Market Opportunities Market Trends Technology Trends Pricing […]
reogma|Global smart agriculture market to reach US$15.3 B by 2025reogma|Global smart agriculture market to reach US$15.3 B by 2025

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